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Property profile

145 Atlantic Ave Atlantic Ave Westerly, RI 02891

OFF-MARKET
Land
Built 2015
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Property summary

AI-generated overview

This exceptional beachfront inn presents a lucrative investment opportunity. Located at 145 Atlantic Avenue in Westerly, Rhode Island (zip code 02891), this 2015-built property sits on a desirable 22,216 square foot lot. The three-story building features 23 guest rooms, each complete with a private bath and private balcony offering stunning Atlantic Ocean views. An additional office space is available for guest services. The inn's prime location in Misquamicut, bordering Watch Hill and Weekapaug, provides easy access to the coastal charm of Rhode Island. Conveniently situated just 45 minutes from T.F. Green Airport in Providence, this property also benefits from Westerly's train station, offering convenient commuting options to New York and Boston. The town of Westerly itself boasts a quaint, appealing atmosphere and also has a private airport. This unique property offers significant potential for growth and return on investment in a highly sought-after coastal location. The asking price is $7,500,000.

Property profile

Verified
Property type Land
Year built 2015

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

145 Atlantic Ave Atlantic Ave Westerly, RI 02891
Westerly metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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